Showing 1 - 10 of 2,256
Persistent link: https://www.econbiz.de/10011376439
Persistent link: https://www.econbiz.de/10012060398
Persistent link: https://www.econbiz.de/10011646036
Persistent link: https://www.econbiz.de/10011306095
Two of the most well known regularities observed in preferences under risk and uncertainty are ambiguity aversion and the Allais paradox. We study the behav- ior of an agent who can display both tendencies simultaneously. We introduce a novel notion of preference for hedging that applies to both...
Persistent link: https://www.econbiz.de/10011704845
Persistent link: https://www.econbiz.de/10011805963
experiments. In the first experiment, we elicit the value and probability weighting functions both under known and unknown … probability transformations rather than utility transformations. In the second experiment, we examine the effects of an increase …
Persistent link: https://www.econbiz.de/10009792472
We examine generational differences in risk-taking behavior by means of a laboratory experiment with monetary …, probability weightings and reference point adoption of elderly and young groups. The results of our experiment indicate that the …
Persistent link: https://www.econbiz.de/10003757815
The results of an experiment extending Ellsberg's setup demonstrate that attitudes towards ambiguity and compound …
Persistent link: https://www.econbiz.de/10011457763
probabilities, in an experiment and found supporting evidence …
Persistent link: https://www.econbiz.de/10013091978